You guys assume too much! Cvs IS in a bit of trouble. Look carefully, and first and foremost, retail is changing BIG-TIME around the whole country. MANY retail operations are shuttering stores in record numbers. Payless shoes, closing all U.S. stores. (Maybe franchisees might stay around, but actual payless stores are gone), Sears/Kmart is hanging on by a thread, (despite the chairman's buyout of company, it may not be enough to save sears), Victoria's secret closing 53 stores around the country, J.C. Penny not doing great, Rite Aid stock UNDER a dollar, (like .70 cents or something), a few other big name retailers (I forget off the top of my mind), closing lots of stores. The idea of the mall stores are becoming a thing of the past. So that's number 1, retail is changing. And why is retail changing? My second point... Online. Why go to a store when you can buy online and it ships right to your doorstep. No need to fight the traffic, wait in LONG lines at the store, etc. And the big point, is the AMAZON EFFECT!
Just please I'd like one person to answer this one question... With Amazon's purchase of Pill Pack, tell me why I should go to CVS when I can get my script online thru pill pack? I can ALSO get my shampoo, deodorant, bandaids, etc, online thru Amazon. Groceries online thru Amazon, EVERYTHING I need I can get online thru Amazon. You tell me ONE thing that I can get at cvs that I can't get thru Amazon? And then you tell me WHY I should go to the store (CVS) when everything I need I can buy online?? On-line shopping AND the Amazon effect is killing retail, and you tell me CVS is OK? Plus remember that CVS is one of the most EXPENSIVE retailers around. In my district customers are ALWAYS complaining how HIGH our prices are and how expensive we are. Amazon is cheaper.
Not to mention 2019 might just be ALOT more of a rebuilding year than you guys think. A financial analyst was saying in regards to the stock, that they think their won't be much of a rebound in the stock price and that the stock price will probably fall lower because of too much headwinds cvs will face in 2019. Aetna merger = Cvs bit off more than they can chew. Cvs is facing higher unexpected costs with integration, and the merger is still in the court review process. So trust me, things aren't as rosy as you guys might think.